Oregon Credit Union - Should You Have a Savings Account?

Posted by AdrianRocker on February 20th, 2015

There are certain questions that you should ask yourself as soon as you can set some money aside. Even though you might believe that you do not require the help of any Oregon credit union in order to save money, you should know that you can benefit from all sorts of advantages if you opt for their services. Opening a savings account at a Portland credit union is going to help you not only save up, but also take advantage of low rates, competitive fees and so on.

Opting for a savings account may be one of the smartest decisions that you could make, mostly because of the fact that you can set some of your hard earned money aside for future days. Yes, you also have the option of keeping the extra money in your own home or on your debit card. No one can force you to trust a credit union. However, when it comes to saving up, you need to know exactly what your options are and go for the one that comes with the best possible benefits.

You have the option of opening a savings account that does not have any fixed terms. You just need to make a small deposit and keep on placing money there whenever you desire. This is the type of account that does not require you to make large deposits. If you can set aside half of your pay check this month, but can not make any deposits the next one, no one is going to bother you. Nevertheless, as long as you have a savings account at a Portland credit union, you can keep on saving money.

Also, by being a member of an Oregon credit union and opening the right type of savings account, you can even have the chance to withdraw money from it whenever you desire. Another option would be to go to an Oregon credit union and opt for a locked-in account that is going to keep your money in a certain savings accounts for a fixed period of time. Depending on the type of account that you opt for, you can choose to keep your money there for at least three months. This option comes with pretty great terms and rates.

You also have the option of not contacting the Portland credit union and just keep on saving money in a box. However, keeping the money at home will not offer you any advantages. Keeping all of them in a certain type of savings account means that at some point you can withdraw a higher amount than the one you placed there. The last and final option is to not save up at all, which is a really big mistake nowadays. You never know what the future holds, so it would be best to have some money set aside for the unpredictable. 

Do you want to become a member of an Oregon credit union or Portland credit union and open your own savings account? If that is the case, you should know that you can get all of your questions answered with just a few clicks. Visit our website today for more information!

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